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By 1994, "Pennsylvania's state pension funds [had] the most active program of in-state investments in the country," according to the Richmond Times-Dispatch, which also noted that Pennsylvania's pension system had "committed $259.5 million to venture capital funds that invest in the state or in out-of-state companies that create jobs in ...
The Public School Employees’ Retirement System (PSERS) is a pension fund for public school employees in the Commonwealth of Pennsylvania.Eligible members include all full-time public school employees, part-time hourly public school employees who render at least 500 hours of service in the school year, and part-time per diem public school employees who render at least 80 days of service in ...
The Pennsylvania state system of intermediate units (IU) was created in 1970, as part of the public school system of the Commonwealth, replacing the 67 county superintendents of schools offices which had existed since the 1850s. Act 102 created the boundaries for each IU, assigned every school district to an intermediate unit, established a ...
Roth 401 (k) The Roth 401 (k) is a type of retirement savings plan. It was authorized by the United States Congress under the Internal Revenue Code, section 402A, [1] and represents a unique combination of features of the Roth IRA and a traditional 401 (k) plan. Since January 1, 2006, U.S. employers have been allowed to amend their 401 (k) plan ...
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The Pennsylvania Liquor Control Board (PLCB) is the independent state government agency in Pennsylvania that manages the beverage alcohol industry in the state under the regulations of the Pennsylvania Liquor Code. The board is responsible for licensing the possession, sale, storage, transportation, importation, and manufacture of wine, spirits ...
The Pennsylvania Turnpike Commission ( PTC) is an agency created in 1937 to construct, finance, operate, and maintain the Pennsylvania Turnpike (both the mainline and the Northeast Extension ). The commission consists of five members. Four members are appointed by the Governor of Pennsylvania, while the fifth member is the Pennsylvania ...
The ratio of HR personnel per 100 employees increased 11% between 2018 and 2023, according to ADP’s analysis of payroll and HR data. Around 2.6 HR professionals were employed per 100 workers in ...